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    Why is it important to constantly monitor fixed assets

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    Why is it important to constantly monitor all of your fixed assets? What role do these assets play in your organization's financial well-being?

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    Solution Preview

    It is important to monitor fixed assets to be sure that they are safeguarded (not stolen or not in safe working condition), property insured, and used only as authorized (business intent and not personal use). When I worked in the field, we would make surprise visits to make sure that every asset was

    (1) still there,
    (2) used ...

    Solution Summary

    The response is 218 words giving five reasons and discussing the role of property, plant and equipment.